Keystone Realtors Limited has informed the Exchange about Credit Rating- New
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ICRA has upgraded Keystone Realtors Limited's (brand: Rustomjee) long-term fund-based and issuer rating from ICRA A (Positive) to ICRA A+ (Stable), with the outlook revised from Positive to Stable. The upgrade covers bank facilities worth Rs. 1,000 crore in total, including a Rs. 669.99 crore term loan, Rs. 4.10 crore overdraft, and Rs. 325.91 crore unallocated limits. Lenders involved include Axis Bank, ICICI Bank, Aditya Birla Finance, and Zoroastrian Cooperative Bank. The rating action was assigned on May 6, 2025, and communicated to the exchanges on May 7, 2025.
This is a positive development for shareholders and lenders, signaling improved creditworthiness and stronger debt servicing capability. A higher rating could translate into lower borrowing costs for the company and reflects confidence in its financial position.